Set Up Your Business Legally After Obtaining Your Business Profile ACRA
Entrepreneurship is the one career option that is being promoted immensely among youngsters and those who want to turn over a new leaf and experiment with something new. The sole reason for that is a very simple logic to understand. Since a major sector of the population includes youngsters looking for job opportunities, there need to be enough job opportunities for them to pursue.
The only way jobs would be generated is through entrepreneurship when new companies are established. Due to the number of business icons, several people are pursuing entrepreneurship, but just like any other job, it’s not an easy path to walk through until you reach the steps of success.
Major decision for ideation
One of the major steps to be taken after the ideation part of the business is setting it up legally and obtaining any necessary licenses. Just like that, another thing that you always have to make sure that you have with you is your business profile ACRA. It’s another legal formality and some more documents as proof of your establishment. It is a PDF (softcopy) that the founder receives.
Some of the details that are mentioned in the business profile are registration number (UEN), entity name, business activities, registration date, and any other information about alternate business owners (if any.) A business profile needs to be bought online, and there are sites where you need to apply for the business profile. ACRA is one of the most trusted establishments when it comes to business profiles.
A little about ACRA
ACRA stands for Accounting and Corporate Regulatory Authority, and it is a site based in Singapore for years now. ACRA is the one thread that connects businesses to the government and helps out with legalizing their business. Here’s to hoping that you have a safe and legal business with the help of your business profile ACRA. ACRA has the steps to getting your business profile made so that you can look forward to a smooth and accurate procedure. It has the link to the site where you need to first log in and add some of your details before going further.
Once that is done, you can make the payment, after which you will receive an email within 15 minutes that contains a link to download your product in this case, your business profile. The one thing you need to be careful about is accessing the link and downloading your product as soon as you receive the mail because the link expires after seven days of purchase, and you get no refund for your payment.